(NAFB)--Eligible producers can submit applications for USDA Rural Development’s Bioenergy Program for Advanced Biofuels. U.S. Ag Secretary Tom Vilsack announced the availability of up to 98.6-million dollars to support the production of advanced biofuels Tuesday. Vilsack says the U.S. is on the path to a cleaner, more secure energy future. By helping producers to support and expand the production of advanced biofuels - he says USDA is ensure rural America is a key component of President Obama’s all-of-the-above energy strategy to reduce the nation’s reliance on foreign oil.
The Bioenergy Program for Advanced Biofuels - commonly referred to as the Advanced Biofuel Payment Program - was established in the 2008 Farm Bill. Payments are made to eligible producers based on the amount of biofuel produced from renewable biomass other than corn kernel starch. Through this and other programs - USDA is working to support the research, investment and infrastructure needed to build a biofuels industry that creates jobs and produces renewable fuel. More than 275 eligible producers in 44 states have received payments since 2009. These payments are used to offset production costs and in some instances - expand operations.
Producers who did not apply for payments during the October 2012 application window may now apply for payments for third and fourth quarter fiscal year 2013 production - as well as for any applicable incremental production. Applications received by July 11th will be considered for Fiscal Year 2013 funds. Complete details on how to apply are found on Page 34975 of the June 11 Federal Register.